Which of the Following Would Constitute Depreciation, as Economists Use

question 104

Multiple Choice

Which of the following would constitute depreciation, as economists use the term?

• A) using some of your savings to buy a car
• B) a GM shareholder selling some of her stock
• C) inventories of firms decreasing due to an increase in sales
• D) All new software requires Windows 8, and not Windows 7, as an operating system.

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Definitions:

Legal Liability

The legal responsibility one party has for the consequences of their actions or omissions, which may result in harm or loss to another party and require compensation.

Inadequate Research

A situation where the level of investigation or study into a subject is insufficient to meet the required standards or objectives.

Duty of Competence

The obligation for professionals, especially in legal and medical fields, to maintain a reasonable level of skill and knowledge while serving their clients or patients.

Nonlawyer Employees

Staff members working within a law firm or legal environment who do not possess a law degree or legal license but support legal services.